By Mukesh 
The Kremlin said on Wednesday (April 29, 2026) that Russia planned to stay in OPEC+ despite a decision by the United Arab Emirates to leave, and said it hoped that the group of leading global oil producers would continue to operate.
The U.A.E. said on Tuesday (April 29, 2026) it was quitting the Organization of the Petroleum Exporting Countries, dealing a blow to the group at a time when an unprecedented energy crisis triggered by the Iran war has exposed discord among Gulf nations.
Watch: UAE leaves OPEC and OPEC+ in huge blow to global oil producers’ group